ANRPC expects growth in global natural rubber demand
The Association of Natural Rubber Producing Countries (ANRPC) is happy recently released its Natural Rubber Trends & Statistics June 2020. The Association reports that the key factor behind the abnormal fall in the prices of natural rubber (NR) since mid-January is the huge drop in the world demand caused by the COVID-19 pandemic. The world consumption of NR dropped by 15.7% during H1 2020 (Jan-Jun 2020) as per the revised estimates. The Association claims that in China alone, the country accounting 40% of the world demand, the consumption fell by 20.1% during H1 2020.